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Australian Shares Extend Declines as Miners Retreat

Published 15/11/2022, 11:09 am
Updated 15/11/2022, 11:14 am
© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 was down 10.4 points or 0.2% at 7,135.9 after 80 minutes of Tuesday’s trade, extending declines of 0.2% in the previous session as major Energy and Materials companies fell while Health Care and S&P/ASX 200 Utilities led the advance.

ASX 200 Futures were pointing 0.4% higher.

Among stocks, Rio Tinto Ltd (ASX:RIO) was trading 0.5% lower, BHP Group Ltd (ASX:BHP) fell 1.1%, Fortescue Metals Group Ltd (ASX:FMG) lost 0.6% and Champion Iron Ltd (ASX:CIA) dipped 1%.

Woodside Energy Ltd (ASX:WDS) lost 1%, Beach Energy Ltd (ASX:BPT) dipped 2%, Santos Ltd (ASX:STO) fell 0.4%, while Viva Energy Group Ltd (ASX:VEA) added 1.5%.

The rate sensitive Real Estate sector was also lower as Mirvac Group (ASX:MGR) lost 1.2%, Goodman Group (ASX:GMG) dipped 0.7%, Charter Hall Group (ASX:CHC) lost 0.2% and Stockland Corporation Ltd (ASX:SGP) fell 1.1%.

Meantime, CSL Ltd (ASX:CSL) lifted 0.8%, Sonic Healthcare Ltd (ASX:SHL) gained 1.9% and Ramsay Health Care Ltd (ASX:RHC) added 2%.

Ahead in the session,market participants will be closely watching the release of the Reserve Bank of Australia’s meeting minutes as policymakers held steady with a 25 basis point increase.

On the bond markets, Australia 10-Year rates ticked up to 3.747% while United States 10-Year yields were at 3.863%.

In New Zealand, the NZX 50 added 0.3% to 11,261.9.

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